Chee Mun Foong - 22 Sep 2021 Form 4 Insider Report for Fusion Acquisition Corp. (ML)

Role
Chief Technology Officer
Signature
/s/ Adam VanWagner, as Attorney-in-Fact for Chee Mun Foong
Issuer symbol
ML
Transactions as of
22 Sep 2021
Net transactions value
-$2,000,007
Form type
4
Filing time
24 Sep 2021, 20:28:46 UTC
Next filing
18 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Award +1,968,935 1,968,935 22 Sep 2021 Direct F1
transaction ML Class A Common Stock Options Exercise $19,318 +87,807 +4.5% $0.2200 2,056,742 22 Sep 2021 Direct
transaction ML Class A Common Stock Options Exercise $1,864 +4,659 +0.23% $0.4000 2,061,401 22 Sep 2021 Direct
transaction ML Class A Common Stock Options Exercise $68,752 +116,528 +5.7% $0.5900 2,177,929 22 Sep 2021 Direct
transaction ML Class A Common Stock Disposed to Issuer $2,089,940 -208,994 -9.6% $10.00 1,968,935 22 Sep 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ML Stock Options (Right to Buy) Award $0 +328,156 $0.000000 328,156 22 Sep 2021 Class A Common Stock 328,156 $0.2200 Direct F3
transaction ML Stock Options (Right to Buy) Options Exercise $0 -87,807 -27% $0.000000 240,349 22 Sep 2021 Class A Common Stock 87,807 $0.2200 Direct F2
transaction ML Stock Options (Right to Buy) Award $0 +229,725 $0.000000 229,725 22 Sep 2021 Class A Common Stock 229,725 $0.4000 Direct F4
transaction ML Stock Options (Right to Buy) Award $0 +492,234 $0.000000 492,234 22 Sep 2021 Class A Common Stock 492,234 $0.4000 Direct F5
transaction ML Stock Options (Right to Buy) Options Exercise $0 -4,659 -0.95% $0.000000 487,575 22 Sep 2021 Class A Common Stock 4,659 $0.4000 Direct F2
transaction ML Stock Options (Right to Buy) Award $0 +410,195 $0.000000 410,195 22 Sep 2021 Class A Common Stock 410,195 $0.5900 Direct F6
transaction ML Stock Options (Right to Buy) Options Exercise $0 -116,528 -28% $0.000000 293,667 22 Sep 2021 Class A Common Stock 116,528 $0.5900 Direct F2
transaction ML Stock Options (Right to Buy) Award $0 +583,215 $0.000000 583,215 22 Sep 2021 Class A Common Stock 583,215 $2.58 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in connection with the Issuer's business combination (the "Business Combination") with MoneyLion Inc., now known as MoneyLion Technologies Inc. ("Legacy ML") in accordance with the terms of the Agreement and Plan of Merger, dated February 11, 2021, as amended on June 28, 2021 and September 4, 2021, by and among the Issuer (f/k/a Fusion Acquisition Corp.), ML Merger Sub Inc. ("Merger Sub") and Legacy ML (the "Merger Agreement"), pursuant to which Merger Sub merged with and into Legacy ML, with Legacy ML surviving the merger as a wholly-owned subsidiary of the Issuer.
F2 In connection with the Issuer's Business Combination, the Reporting Person exercised options which such resulting shares of Class A Common Stock were simultaneously acquired by the Issuer.
F3 The option vests 25% on the first anniversary of November 15, 2017 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F4 The option vests 25% on the first anniversary of November 1, 2018 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F5 The option vests 25% on the first anniversary of September 21, 2019 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F6 The option vests 25% on the first anniversary of May 1, 2020 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F7 The option vests 25% on the first anniversary of February 1, 2021 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.